Section 16 of the Prevention of Money Laundering Act, 2002 ensures that survey results are-
Under s.16(2) the reasons and material are forwarded to the Adjudicating Authority in a sealed envelope, and "such Adjudicating Authority shall keep such reasons and…
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Section 16 of the Prevention of Money Laundering Act, 2002 ensures that survey results are-
Answer and explanation
Correct answer A
Under s.16(2) the reasons and material are forwarded to the Adjudicating Authority in a sealed envelope, and "such Adjudicating Authority shall keep such reasons and material for such period as may be prescribed". Material gathered may be used in proceedings under the Act.